TruFin is pleased to announce that its subsidiary Oxygen Finance ("Oxygen"), the leading early payments programme provider headquartered in Birmingham, has secured Early Payment contracts with a further six local authorities during Q1 2023, adding to its growing list of Early Payment clients which now totals 54 public sector clients.
TruFin is pleased to announce its audited results for the 12 months ended 31 December 2022.
TruFin is pleased to announce that, further to the Company’s statement on 20 October 2022, Satago Financial Solutions Limited ("Satago") is extending its agreement with Sage Group plc ("Sage"), the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs).
TruFin is pleased to announce that Satago Financial Solutions Limited ("Satago") has delivered the trial phase of its fully digitised end-to-end invoice finance solution with Lloyds Bank plc (the "Bank"). The Bank is now testing the digitised proposition ahead of customer onboarding. We look forward to updating shareholders on the progress of this partnership in due course.
Revenues for the 12 months ended 31 December 2022 are expected to be no less than £16.0m (FY21: £13.1m), representing year-on-year growth in excess of 22%. This has predominantly been driven by revenue growth of more than 350% at Satago Financial Solutions Limited ("Satago") and over 25% growth at Oxygen Finance Group Limited (together with its subsidiaries Oxygen Finance Limited and O
TruFin announces that it recently received a non-binding, indicative offer for Oxygen Finance Limited (“Oxygen”) which values Oxygen at £26 million (the “Offer”). After considering the terms of the Offer, the Board of TruFin has rejected the Offer on the basis that it undervalues the business and prospects of Oxygen.
TruFin is pleased to announce that its subsidiary Oxygen Finance (“Oxygen”), the leading early payments programme provider headquartered in Birmingham, has processed more than £1 billon in free early payments to small and micro businesses via its ground-breaking FreePay scheme. More than £415 million of the £1 billion was processed in the first 10 months of 2022.
TruFin is pleased to announce that its subsidiary Playstack Limited ("Playstack"), a leading games technology business headquartered in London, has released The Entropy Centre, a new game developed by Stubby Games Limited (“Stubby Games”), a UK-based indie developer.
TruFin is pleased to announce that Satago Financial Solutions Limited ("Satago") has signed an agreement with Sage Group plc (“Sage”), the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), to include subscription to Satago within certain Sage 50 subscription packages.
TruFin plc is pleased to announce that its Capital Markets Day will be held on Wednesday, 12 October 2022.